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Impressive Growth in Cyprus Tourism Revenue: €223.3m in Q1 2024, Surging 11.7% YoY

Revenue from tourism reached an estimated €223.3m in January–March 2024, rising 11.7% compared to €200m in the first quarter of 2023, Cystat said.

Based on the results of its Passengers Survey, in March, revenue from tourism reached €113m, compared to €97.8m in the corresponding month of 2023, recording an increase of 15.5%.

The average expenditure per person was €558.88 in March 2024 compared to €530.72 in March 2023 (up 5.3%).

Tourists from the United Kingdom, again Cyprus’ largest tourist market with 31.8% of the total in March, spent on average €73.49 per day, while tourists from Poland, the second largest market with 10.4% of total tourists, spent on average €75.86.

Tourists from Germany, the third largest market with 9.8%, spent on average €98.66 per day, while tourists from Greece with 9% of the market, spent on average €43.37 per day.

Finally, tourists from Israel, the fifth place on the market with 8.2%, spent on average €143.21 per day.

Social Media Platform X Revises Creator Payout Strategies Amid Global Backlash

X announced changes to its creator monetization policy but paused the rollout after user criticism. An update would have adjusted how payouts are calculated based on audience location. The decision was reversed shortly after the announcement. The company said the policy will be reviewed.

New Payout Policy Rationale

X planned to shift payout calculations toward impressions from a creator’s home region. The previous model relied more on overall engagement, including international audiences. Head of Product Nikita Bier said the change aimed to reduce incentives to target larger markets such as the U.S. or Japan. The company expected the update to promote content relevant to local audiences.

Immediate Backlash And Policy Reversal

Users criticized the update, saying it would disadvantage creators publishing in global languages such as English. Concerns focused on reduced earnings potential in regions with lower platform activity. Elon Musk said the rollout would be paused following feedback. The company has not provided a timeline for a revised policy.

A Continuum Of Policy Adjustments

Update follows a series of recent policy changes by X. In November, the platform added profile labels indicating account location to address misinformation risks. Earlier this year, X introduced rules that suspend payouts for up to 90 days if users post misleading AI-generated content about conflicts without disclosure. Policy applies to monetized creators. The company continues to adjust moderation and monetization rules as it tests platform governance tools.

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